$0.90 EPS expected for Origin Bancorp, Inc. (NASDAQ: OBNK) this quarter

Brokers expect Origin Bancorp, Inc. (NASDAQ:OBNK – Get Rating) to post earnings per share (EPS) of $0.90 for the current quarter, according to Zacks Investment Research. Two analysts have made earnings estimates for Origin Bancorp. The lowest EPS estimate is $0.83 and the highest is $0.98. Origin Bancorp posted earnings of $1.17 per share in the same quarter last year, indicating a negative 23.1% year-over-year growth rate. The company is expected to release its next quarterly earnings report on Monday, January 1.

According to Zacks, analysts expect Origin Bancorp to report annual earnings of $3.50 per share for the current fiscal year, with EPS estimates ranging from $3.22 to $3.90. For the next fiscal year, analysts expect the company to post earnings of $4.24 per share, with EPS estimates ranging from $3.80 to $4.51. Zacks Investment Research’s earnings per share averages are an average average based on a survey of research companies that track Origin Bancorp.

Origin Bancorp Inc (NASDAQ:OBNK – Get Rating) last reported quarterly earnings data on Wednesday, April 27. The company reported earnings per share of $0.87 for the quarter, beating consensus analyst estimates of $0.86 by $0.01. Origin Bancorp achieved a return on equity of 14.81% and a net margin of 34.71%. During the same period last year, the company posted EPS of $1.08.

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Separately, Zacks Investment Research upgraded Origin Bancorp shares from a buy to a hold rating in a report released Wednesday.

Several institutional investors have recently increased or reduced their stake in OBNK. Zebra Capital Management LLC bought a new position in Origin Bancorp in Q1 worth $305,000. Quantbot Technologies LP acquired a new equity stake in Origin Bancorp during Q1 worth approximately $42,000. State Street Corp increased its position in Origin Bancorp shares by 3.0% in the first quarter. State Street Corp now owns 445,174 shares of the company valued at $18,826,000 after acquiring an additional 13,086 shares last quarter. Engineers Gate Manager LP increased its position in Origin Bancorp shares by 23.8% during the first quarter. Engineers Gate Manager LP now owns 7,785 shares of the company valued at $329,000 after acquiring an additional 1,495 shares last quarter. Finally, Hsbc Holdings PLC increased its position in Origin Bancorp shares by 78.8% during the first quarter. Hsbc Holdings PLC now owns 25,466 shares of the company valued at $1,082,000 after acquiring 11,221 additional shares last quarter. Institutional investors and hedge funds hold 55.50% of the company’s shares.

Shares of NASDAQ:OBNK traded down $0.69 during Friday’s trading, hitting $40.40. 164,133 shares were traded, against an average volume of 60,973. The company has a fifty-day moving average price of $39.70 and a two-hundred-day moving average price of $42.24. Origin Bancorp has a 12-month low of $36.80 and a 12-month high of $47.58. The company has a market capitalization of $960.31 million, a PE ratio of 9.22 and a beta of 0.99. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt ratio of 0.68.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 31. Shareholders of record on Tuesday, May 17 received a dividend of $0.15. This is an increase from Origin Bancorp’s previous quarterly dividend of $0.13. The ex-dividend date was Monday, May 16. This represents a dividend of $0.60 on an annualized basis and a yield of 1.49%. Origin Bancorp’s dividend payout ratio is currently 13.70%.

About Origin Bancorp (Get an evaluation)

Origin Bancorp, Inc operates as a bank holding company for Origin Bank which provides banking and financial services to small and medium-sized businesses, municipalities, high net worth individuals and retail customers in Texas, Louisiana and Mississippi. It offers interest-free and interest-bearing checking accounts, savings deposits, money market accounts, and term deposits; and offers commercial real estate, construction and land development, consumer goods, residential, commercial and industrial real estate loans, warehouse mortgages, residential mortgages and paycheck protection programs.

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Earnings History and Estimates for Origin Bancorp (NASDAQ:OBNK)

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